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Old 05-26-2014, 08:20 AM   #3
Hockeyguy15
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Join Date: Dec 2009
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The only input I have is that just because a building is newer doesn't always mean there won't be a special assessment. In theory there shouldn't be any unexpect/expensive repairs to a newer building but there can be. Someone can correct me if I am wrong but newer builings don't usually have a healthy reserve fund, as that can take some time to accumulate.

They should review the condo docs and reserve fund and study carefully, or better yet pay to have someone experienced to review them. Those documents should tell them what they need to know about the building and how well it is managed.
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